Proact Estonia acquired Elion’s IT infrastructure undertaking
We adviced Proact Estonia AS, Estonian subsidiary of the Nasdaq OMX Stockholm listed Proact IT Group AB in connection with its acquisition of an IT infrastructure undertaking from Elioni Ettevõtted AS, leading Estonian telecommunciations company within TeliaSonera group.
The undertaking is active in Oracle, Hitachi, Symantec, Quantum business line and with the transaction Proact acquired respective agreements, assets and employees pertaining to the undertaking. The annual turnover of the undertaking in the last financial year was 1,7 MEUR. Our M&A team was lead in the transaction by Ergo Blumfeldt and our primary assignment concerned the negotiation of the acquisition documentation from the first draft to closing and assistance of the client in legal due diligence matters.